Regulatory Alerts2014-12-09
Resolution of 28 November 2014 by the General Secretariat for the Treasury and Financial Policy updating the annex on financial prudence principles for autonomous communities' borrowing operations
The General Secretariat for the Treasury and Financial Policy issued this resolution to update the maximum borrowing cost limits for common-regime autonomous communities and cities with autonomous statute participating in the Autonomous Liquidity Fund. It establishes a new annex specifying the maximum fixed interest rates and maximum differentials over 1-, 3-, 6-, and 12-month EURIBOR benchmarks applicable to debt operations based on their average maturity. These updated caps replace the previous October 2014 annex and remain in effect until new rates are published, with unlisted maturities calculated via linear interpolation.
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